Speculative Call Volume Surges for Clorox and Datadog

Options markets saw a surge in activity for Clorox Co (CLX) and Datadog Inc (DDOG) on Friday, with trading volumes reaching a significant percentage of their average daily share turnover. This activity often signals institutional positioning or speculative bets on short-to-medium term price movements. Clorox options volume hit 22,525 contracts, representing roughly 2.3 million underlying shares. This equates to 90.4% of the stock's average daily trading volume of 2.5 million shares. Traders showed particular interest in the $100 strike call options expiring June 18, 2026, with 3,498 contracts traded. Datadog experienced options volume of 34,226 contracts, covering approximately 3.4 million underlying shares. This represents 73.4% of its monthly average daily volume of 4.7 million shares. The most active contract was the $150 strike call expiring May 15, 2026, which saw 6,092 contracts change hands. While high options volume can precede volatility, these flows represent speculative sentiment rather than fundamental shifts in company operations. Traders typically monitor these spikes to gauge market expectations for upcoming price targets.